2023-06-19T10:48:33-05:00 2022-06-30 562058877 WESLEY M MEASAMER CPA PA 115 REGENCY BLVD GREENVILLE NC 27834 990 2021-07-01 562139728 CHRIST COVENANT SCHOOL CHRI 2527563002 4889 OLD TAR ROAD WINTERVILLE NC 28590 ERIC CLARK PRESIDENT 2523756447 2023-05-24 1 ERIC CLARK 999009999 WESLEY M MEASAMER CPA P00227839 2523531355 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X ERIC CLARK PO BOX 624 WINTERVILLE NC 28590 3104324 0 X WWW.CHRISTCS.ORG X 1999 NC TO PROVIDE A CHRISTIAN EDUCATION TO CHILDREN. 7 7 93 0 0 0 807805 165955 2807539 2835407 46 71 68222 65008 3683612 3066441 0 0 0 0 1234816 1713124 0 0 315 1051852 1011030 2286668 2724154 1396944 342287 5805661 6002954 2657616 2512622 3148045 3490332 PROVIDE A CHRISTIAN EDUCATION TO CHILDREN 0 0 1908928 2835478 PROVIDE A CHRISTIAN EDUCATION TO CHILDREN 1908928 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 93 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 0 0 0 X WESLEY M MEASAMER CPA PA 2523531355 115 REGENCY BLVD GREENVILLE NC 27834 X ERIC CLARK PRESIDENT 2.00 X X 0 0 0 DONNA ASKEW VICE PRESIDENT 2.00 X X 0 0 0 MIKE ROBERSON TREASURER 2.00 X X 0 0 0 JOHNNA MODLIN SECRETARY 2.00 X X 0 0 0 DANIEL ENTZMINGER DIRECTOR 2.00 X 0 0 0 CALLIE PARKER DIRECTOR 2.00 X 0 0 0 MARIA HENWOOD-FINLEY DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 79036 86919 165955 TUITION INCOME 611600 2674900 2674900 OTHER INCOME 611600 90062 90062 OTHER INCOME - BEFORE 611600 70440 70440 MISCELLANEOUS 611600 5 5 2835407 71 71 9650 0 9650 9650 9650 93241 37883 55358 55358 3066441 2835478 0 65008 1425858 1084156 341702 166009 126167 39842 121257 92155 29102 625 625 14939 14939 38414 38414 8487 8487 12474 12474 11949 11949 207002 1078 205924 741 741 97566 97566 162161 161822 339 25791 25791 FINANCIAL AID 174922 174922 ATHLETIC FUND EXPENSE 75032 75032 CLASSROOM EXPENSES 41848 41848 BOOKS 38916 38916 100163 61203 38645 315 2724154 1908928 814911 315 722306 701313 16612 45040 5154460 1107056 4184979 4047404 881764 1209197 5805661 6002954 31264 36667 29384 47208 2596968 2428747 2657616 2512622 X 3030103 3351402 117942 138930 3148045 3490332 5805661 6002954 342287 0 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 611817 611817 4152307 878155 3274152 280862 122684 158178 109474 106217 3257 4047404 CONSTRUCTION IN PROGRESS 140653 ERC RECEIVABLE 1068544 1209197 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 ATHLETIC FUNDRAISING 50059 50059 136 6519 HOT LUNCH 1596 1596 1395 6 41586 41586 3330 26503 93241 93241 4861 33022 37883 55358 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE RECEIVED A DRAFT COPY OF THE TAX RETURN TO REVIEW BEFORE THE FINAL RETURN WAS FILED. FORM 990, PART VI, SECTION C, LINE 19 THEY ARE AVAILABLE UPON REQUEST AT THE OFFICE. FORM 990, ITEM B, AMENDED RETURN: AMENDING RETURN TO INCLUDE EMPLOYEE RETENTION CREDIT OF $264,991 THAT WAS NOT INCLUDED IN THE ORIGINAL TAX RETURN FILING. THE FOLLOWING ARE PARTS AND SCHEDULES THAT CHANGED ON THIS AMENDED 2021 FORM 990 (7/1/2021-6/30/2022) FOR PRIOR YEAR/BEGINNING OF YEAR AMOUNTS DUE TO AMENDING CHRIST COVENANT SCHOOL'S 2020 FORM 990 (7/1/2020-6/30/2021): ---TO INCLUDE EMPLOYEE RETENTION CREDITS OF $704,279--- 1.) DECREASE TO PART 1, LINE 15 "SALARIES, OTHER COMPENSATION, EMPLOYEE BENEFITS" 2.) DECREASE TO PART 1, LINE 18 "TOTAL EXPENSES" 3.) INCREASE TO PART 1, LINE 19 "REVENUE LESS EXPENSES" ---TO INCLUDE EMPLOYEE RETENTION CREDITS OF $803,553--- 1.) INCREASE TO PART 1, LINE 20 "TOTAL ASSETS" 2.) INCREASE TO PART 1, LINE 22 "NET ASSETS OR FUND BALANCES" 3.) INCREASE TO PART X, LINE 15 "OTHER ASSETS" 4.) INCREASE TO PART X, LINE 16 "TOTAL ASSETS" 5.) INCREASE TO PART X, LINE 27 "NET ASSETS WITHOUT DONOR RESTRICTIONS" 6.) INCREASE TO PART X, LINE 32 "TOTAL NET ASSETS OR FUND BALANCES" 7.) INCREASE TO PART X, LINE 33 "TOTAL LIABILITIES AND NET ASSETS/FUND BALANCES" 8.) INCREASE TO PART XI, LINE 4 "NET ASSETS OR FUND BALANCES AT BEGINNING OF YEAR" PART IX, LINE 7(A)-TOTAL EXPENSES WAS REDUCED BY THE ERC CREDIT TOTAL $264,991 WITH 7(B)-PROGRAM SERVICE EXPENSES REDUCED BY $201,393 AND 7(C)-MANAGEMENT AND GENERAL EXPENSES REDUCED BY THE REMAINING $63,598. THESE ADJUSTMENTS TO LINE 7(A), 7(B) AND 7(C) IN TURN REDUCED PART IX, LINE 25(A), 25(B), 25(C) "TOTAL FUNCTIONAL EXPENSES" BY $264,991, $201,393, AND $63,598, RESPECTIVELY. THE ADJUSTMENT TO PART IX, LINE 7(A) "OTHER SALARIES AND WAGES" IN TURN REDUCED PART 1, LINE 15 FOR CURRENT YEAR "SALARIES, OTHER COMPENSATION, EMPLOYEE BENEFITS" BY THE ERC CREDIT TOTAL $264,991. THE ADJUSTMENT TO PART IX, LINE 25(A) "TOTAL FUNCTIONAL EXPENSES" IN TURN REDUCED PART 1, LINE 18 FOR CURRENT YEAR "TOTAL EXPENSES" BY THE ERC CREDIT TOTAL $264,991. THIS REDUCTION TO PART 1, LINE 18 IN TURN INCREASED PART 1, LINE 19 FOR CURRENT YEAR "REVENUE LESS EXPENSES" BY THE ERC CREDIT TOTAL $264,991. PART X, LINE 15 "OTHER ASSETS", COLUMN B "END OF YEAR" WAS INCREASED BY A TOTAL OF $1,068,544 [2019 ERC CREDIT (RECEIVABLE) OF $99,274 PLUS THE 2020 ERC CREDIT (RECEIVABLE) OF $704,279 PLUS THE 2021 ERC CREDIT (RECEIVABLE) OF $264,991]. THIS ERC RECEIVABLE TOTAL IS DETAILED ON SCHDULE D, PART IX, LINE 2. PART IX, LINE 25(A) "TOTAL FUNCTIONAL EXPENSES" CARRIED FORWARD TO PART XI, LINE 2 AND THIS ADJUSTED AMOUNT INCREASED PART XI, LINE 3 "REVENUE LESS EXPENSES" BY THE ERC CREDIT TOTAL $264,991. NOTED ABOVE PART XI, LINE 4 "NET ASSETS OR FUND BALANCES AT BEGINNING OF YEAR" INCREASED BY $803,553 ($99,274 FROM THE 2019 AMENDED RETURN PLUS $704,279 FROM THE 2020 AMENDED RETURN; THEREFORE, LINE 10 "NET ASSETS OR FUND BALANCES AT END OF YEAR" INCREASED BY A TOTAL OF $1,068,544 (2019 ERC CREDIT ADJUSTMENT OF $99,274 PLUS 2020 ERC CREDIT ADJUSTMENT OF $704,279 PLUS 2021 ERC CREDIT ADUSTMENT OF $264,991). THE AMOUNT FROM PART XI, LINE 10 CARRIED BACK TO PART X, LINE 32 SO THAT "TOTAL LIABILITIES AND NET ASSETS/FUND BALANCES" WOULD EQUAL THE INCREASED "TOTAL ASSETS" ON PART X, LINE 16. THESE CHANGES TO PART X ALSO IN TURN INCREASED "TOTAL ASSETS AND "NET ASSETS OR FUND BALANCES" BY THE 2019, 2020, AND 2021 ERC CREDITS TOTAL $1,068,544 ON PART 1, LINE 20 AND 22 FOR THE CURRENT YEAR. PART III, LINE 4A "EXPENSES" DECREASED BY $201,393, THE ERC CREDIT PORTION ATTRIBUTED TO PROGRAM SERVICE SALARIES AND WAGES AND CORRESPONDS TO THE AMOUNT RECORDED ON PART IX, LINE 25(B). PART IV LINE 11(D) HAS CHANGED TO YES ON AMENDED FORM 990 AND SCHEDULE D, PART IX "OTHER ASSETS" IS NOW PRINTING WITH TWO LINE ITEMS ADDED -- "CONSTRUCTION IN PROGRESS-$140,653 AND "ERC RECEIVABLE-$1,068.544" TOTALING TO $1,209,197.